Wheeler Real Estate Investment Trust Inc.'s board and management reaffirmed the company's full-year 2017 guidance.

The company on May 22 cut its expected full-year adjusted funds from operations, predicting a range of $1.48 per share to $1.55 per share.

It gave a range of between $1.64 per share and $1.68 per share on a May 2 conference call, and that guidance was a reduction from an earlier per-share range of $1.68 to $1.73.